Forex Charting Software Review

There are various good forex charting software available to put to the test.

If you want to try out a free demo account for 30 days, you can do so at various sites. Some sites that have good charting software are for you to try out for free are:

• mgforex.com
• fxinternationalgroup.com
• fxcm.com
  When you’re at their site, go to the relevant areas to open a demo account.
  If you have Wealth Lab, which is a trading software package which has programming capabilities, then you’ll need a forex data feed. There is currently only one available forex data feed that is compatible with Wealth Lab, though this will probably change in the future. The data feed is from:
• forex.datahq.com.au

Check out the features that you’ll need to your forex system when you visit the various forex sites to look at their forex charting software, such as:

1. Whether the charts are “easy on the eye”. If not, can you customise them?
2. Whether the charts load up relatively quickly. Sometimes demos may load up slightly slower than their real accounts, so if you like a charting package but it’s not as quick as expected, just email the provider to ask them.
3. Whether your customised chart layouts can be saved. You can do this on most charting packages.
4. What indicators are available to be plotted, to make sure that you can use the package to trade your system.
5. Whether you can write notes and draw lines properly and where you want to, on the chart. Some systems require you to work out support and resistance, peaks and troughs and other indicators to work out if there’s an entry.
6. As an optional extra, whether the forex charting software has programming capabilities. If there are basic steps of your forex system that can be easily programmed to display on the chart, and you can use their programming language, then this will enable you to more quickly and with less effort trade your system.

So make sure that the charting package can do everything that you need to do to trade your forex system.

If you haven’t already done so, visit the page that will teach you how to read forex charts, and to avoid the mistakes and gaps in knowledge when people are learning how to read them properly.